To The Moon

Replying to @Humbly:High volatility generates more option premiums. Key is whether you can stomach the volatility, while managing your risk//@Humbly:In a highly volatile market trading sideways, condors look like an ideal strategy as long as one can identify the key support and resistance levels correctly

In a highly volatile market trading sideways, condors look like an ideal strategy as long as one can identify the key support and resistance levels correctly

I closed 1.0 unit(s) $COIN DIAGONAL 250417/250516 PUT 190.0/PUT 180.0$  ,Rolling my put option lower and out as it appears that the market will remain volatile 

I am expecting the US market to trade sideways for the next 6 months where volatility will be high. This will be a good opportunity to make money from option trades.   Option strategies such as iron condors, covered calls and covered puts can be used if you are disciplined and know how to manage the risks of your trades well. Do not sell naked options if you do not have the cash to take the shares when they are assigned or the shares to deliver when they are being called upon.

The unknown question is whether there will be a deep recession, which will slash all the forward EPS estimates

I opened 1 lot(s) $BYE.HK 20250529 31.00 PUT$  ,Selling put to collect some free money in this highly volatile market. See value for BYE at 31

$TENCENT(00700)$   Tencent has a bright future ahead !

I closed 1.0 unit(s) $TSLA CALENDAR 250417/250321 PUT 270.0/PUT 270.0$  ,Roll further out to collect some more premium as  I believe Tesla will recover quickly once sentiments turn.

I opened 1 lot(s) $TSLA 20250307 245.0 PUT$  ,Tsla appears to be at a good price to enter at 245 as this price was lower than before the rally fueled by Trump election win

I closed 1.0 unit(s) $BABA CALENDAR 250307/250228 CALL 120.0/CALL 120.0$  ,Rolled Baba call for a further week for some pocket money